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Stock investors suffer N7bn one-day loss


The Nigerian Exchange Limited Thursday suffered a loss of N7 billion at the close of trading.

The crash came after a period of upward swing in the market capitalisation, the PUNCH reports.

The All-share index depreciated by 0.02 per cent to close at 54,924.08 points.

Similarly, the market capitalisation lost N7 billion to close the day at N29,920 million, while the Year-to-date returns settled at 6.45 percent.

The market has advanced by 3,328.42 points since the beginning of the year.

ln terms of volume, 117,850,276 shares valued at N1.398 billion were traded on the floor of the NGX in 2,575 deals.

The market breathe was negative as 17 equities were recorded on the losers’ table compared to 14 on the gainers’ table.

Sunu Assurance led the gainers’ table with a 9.09 per cent appreciation in its share value to close at N0.48.

Transcript Hotels followed with 8.32 per cent increase to close trading at N6.90.

On the losers’ table, NRC had the biggest dip in share value of the day at 9.96 per cent to close the day at N2.35.

Linkage Assurance stock suffered 8.70 per cent loss to end the day at N0.42 and Mansard had a 7.50 per cent loss to close at N1.85.

The shares of MTN Nigeria were the most traded on the floor of NGX with 1,574,033 of its shares worth N370,213,040.60 exchanging in 208 deals.

Zenith Bank and First Bank Holdings followed with 7,896.749 shares valued at N198,176 million exchanged in 143 and 141 deals respectively.

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